projectization

Noun

projectization (uncountable)

1. The allocation of funds to a specific project regardless of any other consideration.
   • Over-projectization of the national budget, combined with weak aid management capacities undermine comprehensive policy implementation, weakens coordination and increases costs of delivery.2006, International Monetary Fund, Islamic Republic of Afghanistan: Interim Poverty Reduction Strategy Paper
   • Projectization means that all 'staff and office costs asociated with implementing a project are charged to projects through a time-allocation concept' (IOM, 2010b). Thus, unlike other IGOs, IOM cannot balance activities flexibly within a large regular budget. In practice, projectization implies...2010, M. Geiger, A. Pécoud, The Politics of International Migration Management, →ISBN, page 63
2. The organization of business management around project teams as opposed to functional groups.
   • However, in construction projects partial projectization is most common. In the partial projectization structure functions of critical importance to the project (e.g. engineering and construction) are assigned to the project management team.1989, Emmanuel E. Simkoko, Analysis of Factors Impacting Technology Transfer in Construction Projects, →ISBN
   • On the basis of this criterion, five new product development (npd) structures have been identified by Larson and Gobeli (1985, 1988), ranging from functional (lowest degree of projectization), to project team (highest degree of projectization).2006, George Avlonitis, Paulina Papastathopoulou, Product and Services Management, →ISBN, page 230